Monday, July 31, 2017

Finance for Gen-Z 101: What you need to know about prepaid credit cards

Prepaid credit cards are hardly a new or novel concept. People have been using reloadable cards for years. So it seems almost laughable that it has taken the tech industry so long to find a way to make prepaid credit cards relevant in the business world. For small and mid-size businesses, the prepaid card should be of special interest since smaller businesses are especially vulnerable to fraud. Research shows that they are likely to incur the same median fraud loss as larger companies but only 40 percent of them ever recover stolen assets. Most businesses spend up to 20 hours…